Furniture & homewares retail
Formerly known as Steinhoff Asia Pacific, it changed its name to Greenlit Brands in 2018 while its parent company faced scrutiny for accounting irregularities. Operates 319 stores across Australia and New Zealand, and 8 factories across Australia, China and Vietnam. Sold its general merchandise division to Allegro Funds in 2019, including the Best & less, Harris Scarfe, Debenhams and Postie retail chains.
|Greenlit Brands Pty Ltd||AUS||website|
| Steinhoff International Holdings Ltd
owns 100% of Greenlit Brands Pty Ltd
|Greenlit Brands Pty Ltd|
In 2020 this company paid penalties totalling $25,200 after the ACCC issued it with two infringement notices for alleged false or misleading representations to customers about their consumer guarantee rights.
Source: ACCC (2020)
According to data released by the Australian Tax Office in Dec 2018, this company was one of 2,159 local and foreign-based companies that paid no tax in Australia in 2016-17. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons.
Source: ATO (2018)
|Steinhoff International Holdings Ltd|
In December 2017 Steinhoff went from having a market capitalisation of $US19 billion to $US1.9 billion in the space of a few days, after it was discovered that several years of audited accounts could not be trusted.
Source: news article (2018)
This company received a score of 11.4/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
This company has a number of corporate responsibility claims on its website.
Source: company website (2014)
This company faced criticism over it's 2014 purchase of Pepkor when directors bought shares without disclosing a deal was imminent. The company denies any wrongdoing.
Source: news article (2014)
|Revenue||$1.5 billion in 2018|
|Employees||3,000 in 2019|
|Address||Level 4, 1 Epping Rd, North Ryde, NSW, 2113, Australia|
|Phone||02 9882 9100|
Products / BrandsGreenlit Brands
Freedom Homewares Stores